CHICAGO, March 14, 2012 /PRNewswire/ -- Zacks.com announces the list of stocks featured in the Analyst Blog. Every day the Zacks Equity Research analysts discuss the latest news and events impacting stocks and the financial markets. Stocks recently featured in the blog includeNokia(NYSE: NOK), Microsoft Corporation (Nasdaq: MSFT), Qualcomm Inc. (Nasdaq: QCOM), Apple Inc (Nasdaq: AAPL) and Amazon.com Inc. (Nasdaq: AMZN).
Going by the recent market buzz, Nokia(NYSE: NOK) is set to launch its Window 8-based tablets this Christmas.
Following their successful smartphone venture, both Nokia and Microsoft Corporation (Nasdaq: MSFT) are eyeing the lucrative tablet market, which is showing signs of significant growth. The tablet market has grown by 150% since last year. So in order to seize the opportunity, the company plans to launch the Window 8-based tablets by the end of fiscal 2012.
The new 10-inch tablet will be based on latest Windows 8 platform and powered by Qualcomm Inc.'s (Nasdaq: QCOM) Snapdragon processor, which supports better battery life and high quality HD videos. It is also believed that Taiwan-based manufacturing firm Compal Electronics has gained 200,000 tablets contract from Nokia.
Earlier, in November, 2011, Nokia launched its Window-based Lumia series of smartphones. So going by this trend it is highly anticipated that the company will also release its new tablet device during that period of the year, which happens to be one of the profitable months for all electronic device manufacturers.
However, we believe that the launch of Windows 8-based tablets will have less impact on Nokia's market share due to the following reasons. Firstly, Nokia is a late entrant in the tablet market, which is currently dominated by Apple Inc's (Nasdaq: AAPL) iPad (58% market share). By the time Nokia will launch its tablet, iPad 3 will establish its strong foothold in different markets across the world.
Secondly, Nokia boasts a strong presence in emerging countries. These emerging countries remain highly price sensitive, so delay in the product launch will allow Amazon.com Inc.'s (Nasdaq: AMZN) low-budget Kindle Fire tablets costing just $199, to gain huge market traction, hence putting more pressure on Nokia's market share.
Thirdly, tablet market is growing by leaps and bounds, so in order join the bandwagon; most companies will be launching their tablets in the upcoming quarters. Moreover, other companies will be launching their most advanced tablets, which we believe will further increase competition going forward.
We maintain our long-term Neutral recommendation for Nokia. Currently, Nokia has a Zacks #3 Rank, implying a short-term Hold rating on the stock.
We believe that higher proliferation of tablet sales has prompted Nokia to enter the tablet market. As per the IHS iSuppli Application Market Forecast, tablet devices are currently ranked at the eight spot in the overall consumer electronics goods segment and are expected to jump to fifth spot in fiscal 2012.
Growing market trends influenced Nokia to target the tablet market to mitigate its deteriorating sales and regain its lost market share.
Based in Espoo, Finland, Nokia Corporation is the largest mobile phone maker of the world. The company also provides Internet services, comprehensive digital map information, and equipment, solutions and services throughout the world.
Zacks Equity Research provides the best of quantitative and qualitative analysis to help investors know what stocks to buy and which to sell for the long-term.
Continuous coverage is provided for a universe of 1,150 publicly traded stocks. Our analysts are organized by industry which gives them keen insights to developments that affect company profits and stock performance. Recommendations and target prices are six-month time horizons.
Zacks "Profit from the Pros" e-mail newsletter provides highlights of the latest analysis from Zacks Equity Research. Subscribe to this free newsletter today: http://at.zacks.com/?id=5517
Zacks.com is a property of Zacks Investment Research, Inc., which was formed in 1978 by Leon Zacks. As a PhD from MIT Len knew he could find patterns in stock market data that would lead to superior investment results. Amongst his many accomplishments was the formation of his proprietary stock picking system; the Zacks Rank, which continues to outperform the market by nearly a 3 to 1 margin. The best way to unlock the profitable stock recommendations and market insights of Zacks Investment Research is through our free daily email newsletter; Profit from the Pros. In short, it's your steady flow of Profitable ideas GUARANTEED to be worth your time! Register for your free subscription to Profit from the Pros at http://at.zacks.com/?id=5518.
Disclaimer: Past performance does not guarantee future results. Investors should always research companies and securities before making any investments. Nothing herein should be construed as an offer or solicitation to buy or sell any security.